BR100 Decreased By (-0.7%)
BR30 Decreased By (-0.77%)
KSE100 Decreased By (-0.53%)
KSE30 Decreased By (-0.55%)
BECO 5.66 Decreased By ▼ -0.02 (-0.35%)
BML 63.53 Decreased By ▼ -1.31 (-2.02%)
BOP 33.60 No Change ▼ 0.00 (0%)
CNERGY 8.14 Decreased By ▼ -0.10 (-1.21%)
DCL 11.40 Increased By ▲ 0.05 (0.44%)
FCCL 52.18 Decreased By ▼ -0.73 (-1.38%)
FCSC 5.52 No Change ▼ 0.00 (0%)
FFL 17.75 Decreased By ▼ -0.05 (-0.28%)
FNEL 1.30 No Change ▼ 0.00 (0%)
HUMNL 11.20 Decreased By ▼ -0.04 (-0.36%)
KEL 7.88 Decreased By ▼ -0.09 (-1.13%)
KOSM 5.63 Increased By ▲ 0.19 (3.49%)
MLCF 85.75 Decreased By ▼ -0.26 (-0.3%)
NBP 184.00 Decreased By ▼ -1.00 (-0.54%)
PACE 11.68 Decreased By ▼ -0.34 (-2.83%)
PAEL 40.30 Increased By ▲ 0.09 (0.22%)
PIAHCLA 25.87 Increased By ▲ 0.14 (0.54%)
PIBTL 17.05 Decreased By ▼ -0.27 (-1.56%)
PPL 224.70 Decreased By ▼ -0.60 (-0.27%)
PRL 34.60 Increased By ▲ 0.22 (0.64%)
PTC 64.19 Decreased By ▼ -1.27 (-1.94%)
SEARL 90.40 Decreased By ▼ -0.11 (-0.12%)
SSGC 26.56 Decreased By ▼ -0.20 (-0.75%)
TELE 9.08 Increased By ▲ 0.12 (1.34%)
THCCL 67.23 Decreased By ▼ -2.21 (-3.18%)
TPLP 11.40 Increased By ▲ 0.09 (0.8%)
TREET 24.70 Increased By ▲ 0.15 (0.61%)
TRG 71.14 Decreased By ▼ -0.53 (-0.74%)
WAVES 10.91 Decreased By ▼ -0.54 (-4.72%)
WTL 1.27 Decreased By ▼ -0.01 (-0.78%)
اردو
Android App
Print Edition Dollar to PKR
Budget 2026-27 Iran-US war Petrol Prices Gold Rates Podcasts PSX Notices
Archive - 2018-04-28
The Budget

The Budget

The presentation of the federal budget is normally the most important policy statement that a government makes prior to the commencement of new fiscal year because apart from the receipt and expenditure accounting it lays the direction of the government's
Published 28 Apr, 2018 12:00am
The Budget

The Budget

The presentation of the federal budget is normally the most important policy statement that a government makes prior to the commencement of new fiscal year because apart from the receipt and expenditure accounting it lays the direction of the government's
Published 28 Apr, 2018 12:00am
The Budget

The Budget

The presentation of the federal budget is normally the most important policy statement that a government makes prior to the commencement of new fiscal year because apart from the receipt and expenditure accounting it lays the direction of the government''
Published 28 Apr, 2018 12:00am
The Budget

The Budget

The presentation of the federal budget is normally the most important policy statement that a government makes prior to the commencement of new fiscal year because apart from the receipt and expenditure accounting it lays the direction of the government''
Published 28 Apr, 2018 12:00am
The Budget

The Budget

The presentation of the federal budget is normally the most important policy statement that a government makes prior to the commencement of new fiscal year because apart from the receipt and expenditure accounting it lays the direction of the government''
Published 28 Apr, 2018 12:00am
The demise of EDB

The demise of EDB

The federal cabinet, under the Chairmanship of Shahid Khaqan Abbasi, has upheld its earlier decision to dissolve the "Engineering Development Board (EDB)" operative under the Federal Ministry of Industries and Production (MoI&P). In May last year, the Cab
Published 28 Apr, 2018 12:00am
Rs 180.24 billion earmarked as development expenditures outside PSDP

Rs 180.24 billion earmarked as development expenditures outside PSDP

The government has earmarked Rs 180.24 billion for development expenditures outside the Public Sector Development Program (PSDP) including Rs 124.7 billion for Benazir Income Support Program (BISP) in budget 2018-19. According to budget in brief document
Published 28 Apr, 2018 12:00am
Government estimates foreign aid of Rs 1.118 trillion

Government estimates foreign aid of Rs 1.118 trillion

The government has estimated foreign assistance of Rs 1.118 trillion for 2018-19 against Rs 837.823 billion budgeted for the current fiscal year which was later revised upward to Rs 1.229 trillion- the rise attributable to loans from commercial banks and
Published 28 Apr, 2018 12:00am
Rs 2.531 billion for Elections 2018-19

Rs 2.531 billion for Elections 2018-19

The government budgeted Rs 2.531 billion for the year 2018-19 to conduct elections against the revised allocation of Rs 8.998 billion - a reduction of 71 percent. The government budgeted Rs 2.348 billion for elections for the current fiscal year which was
Published 28 Apr, 2018 12:00am
1808.073 million allocated for MNFS&R
Cotton

1808.073 million allocated for MNFS&R

The government has allocated Rs 1808.073 million for Ministry of National Food Security and Research (MNFS&R) in the annual budget for the fiscal year 2018-19 under Public Sector Development Programme (PSDP), compared to Rs 1,614.266 million in the fiscal
Published 28 Apr, 2018 12:00am
Supreme Court gets eight percent more than last year's budget

Supreme Court gets eight percent more than last year's budget

The Supreme Court of Pakistan was budgeted Rs 1.9 billion, which is 8 percent more than the current fiscal year. The amount for grants, subsidies and write-off loans is 11 percent higher than the revised amount in the current year - from Rs 4.5 million to
Published 28 Apr, 2018 12:00am
Zardari terms federal budget 'illegal'

Zardari terms federal budget 'illegal'

It is pointless to comment on the budget, an exercise that has no legal, moral and political basis but seems driven solely by greed and political ambition. This has been stated by former President Asif Ali Zardari responding to the budget 2018-19 presente
Published 28 Apr, 2018 12:00am
Rs 4.9 billion allocated for commerce division

Rs 4.9 billion allocated for commerce division

The government has earmarked Rs 4.9 billion for Commerce Division in the budget for FY 2018-19 to defray salaries and other expenses against revised amount of Rs 4.945 billion for the current fiscal year. The government had earmarked Rs 4.9 billion for th
Published 28 Apr, 2018 12:00am
Rs 986 million earmarked for Prime Minister's office in 2018-19 budget

Rs 986 million earmarked for Prime Minister's office in 2018-19 budget

The government has earmarked Rs 986 million for Prime Minister's Office in the budget for 2018-19 to defray the salaries and other expenses against Rs 916 million earmarked for the current fiscal year, showing an increase of around 7 percent. According to
Published 28 Apr, 2018 12:00am
Cleaning of Hub Canal carried out: KW&SB

Cleaning of Hub Canal carried out: KW&SB

The cleaning of the Hub Canal which supply water to Karachi from Hub Dam is being carried out in line with the Karachi Water and Sewerage Board (KW&SB)'s various practical steps to improve the water supply to Karachi.
Published 28 Apr, 2018 12:00am
Analysts term relief measures 'encouraging'
Mutual Funds

Analysts term relief measures 'encouraging'

Tax measures, such as removal of tax on bonus shares, gradual decline in income tax rate (by 1.0 percent to 29 percent, and 25 percent till 2023) and super tax rates (4 percent to 3 percent for banks and 3 percent to 2 percent for non-banking) and BMR tax
Published 28 Apr, 2018 12:00am
Analysts term relief measures 'encouraging'
Mutual Funds

Analysts term relief measures 'encouraging'

Tax measures, such as removal of tax on bonus shares, gradual decline in income tax rate (by 1.0 percent to 29 percent, and 25 percent till 2023) and super tax rates (4 percent to 3 percent for banks and 3 percent to 2 percent for non-banking) and BMR tax
Published 28 Apr, 2018 12:00am
Government lauded for presenting 'balanced budget'

Government lauded for presenting 'balanced budget'

The citizens from different segments of life of Hyderabad city here on Friday termed the Budget 2018-19 as balanced budget under the present circumstances being faced by the country and appreciated the government of Prime Minister Shahid Khaqan Abbasi for
Published 28 Apr, 2018 12:00am
Pharma Industry hails cut in duty on hepatitis, cancer drugs

Pharma Industry hails cut in duty on hepatitis, cancer drugs

Pharmaceutical manufacturers hailed exemption of anti-cancer drugs from import duty announced by Federal Finance Minister Miftah Ismail in his budget speech on Friday. Former chairman of Pakistan Pharmaceutical Manufacturers' Association (PPMA) Dr Kaiser
Published 28 Apr, 2018 12:00am
METRO Cash & Carry marks 12th anniversary

METRO Cash & Carry marks 12th anniversary

METRO Cash & Carry Pakistan along with its valued customers celebrated its 12th anniversary at all stores across Pakistan. The occasion was celebrated for over a month at all stores, also provided its customers opportunity to win thousands of prizes in th
Published 28 Apr, 2018 12:00am
Export sector completely neglected, says Bilwani
Exchange

Export sector completely neglected, says Bilwani

Textile exporters have expressed disappointment over the next fiscal year budget and said that as usual export sector has been neglected in the budget. Muhammad Jawed Bilwani Chairman Pakistan Apparel Forum has said that once again export sector has been
Published 28 Apr, 2018 12:00am
SHC moved to restrain government from selling KE to foreign firm

SHC moved to restrain government from selling KE to foreign firm

Sindh High Court (SHC) was approached on Friday for restraining the federal government to sell K-Electric to a foreign company and for seeking hand over of the utility to the provincial government of Sindh to run and manage its affairs. SHC has sought rep
Published 28 Apr, 2018 12:00am
SHC moved to restrain government from selling KE to foreign firm

SHC moved to restrain government from selling KE to foreign firm

Sindh High Court (SHC) was approached on Friday for restraining the federal government to sell K-Electric to a foreign company and for seeking hand over of the utility to the provincial government of Sindh to run and manage its affairs. SHC has sought rep
Published 28 Apr, 2018 12:00am
Mirza family may join PTI

Mirza family may join PTI

Former National Assembly Speaker Fehmida Mirza, who developed differences with PPP, and her husband and firebrand former PPP leader Zulfiqar Mirza are likely to join Pakistan Tehreek-i-Insaf soon. The joining could be a major setback for the PPP in Distri
Published 28 Apr, 2018 12:00am
Altaf Hussain's case: MoI seeks Rs 52 million for hiring of UK law firm

Altaf Hussain's case: MoI seeks Rs 52 million for hiring of UK law firm

The Ministry of Interior has requested supplementary grant of Rs 52 million for hiring of legal services of British law firm to take the case of Altaf Hussain in UK (Rs 23,000,000), special campaign against donation to proscribed organizations (Rs 20,000,
Published 28 Apr, 2018 12:00am
APHC delegation meets Mushahidullah

APHC delegation meets Mushahidullah

A delegation of All Parties Hurryiat Council (APHC) held a meeting with Federal Minister for Climate Change Senator Mushahidullah Khan on Friday here at the ministry. The meeting was attended by Parliamentary Secretary for Climate Change Ms Romina Khurshe
Published 28 Apr, 2018 12:00am
Education, tolerance big weapons for regional peace: ANP

Education, tolerance big weapons for regional peace: ANP

General Secretary ANP, Mian Iftikhar Hussain has said that for the establishment of peace in the region there is no other big weapon than education and tolerance, saying that in the prevailing circumstances democracy and politics and the whole nation is c
Published 28 Apr, 2018 12:00am
Islamabad's Saarc building to be symbol of peace: Ruwan

Islamabad's Saarc building to be symbol of peace: Ruwan

President of SAARC Chamber Ruwan Edirisinghe Friday said state-of-the-art 10-storey building of chamber headquarters in Islamabad costing rupees one billion after completion, will be a symbol of peace, beacon of prosperity, progress, an effective catalyst
Published 28 Apr, 2018 12:00am
FCCI chief for equipping youth with technical skills

FCCI chief for equipping youth with technical skills

Technical and vocational education is imperative to involve our youth in productive activates and in this connection Prime Minister's Youth Skill Development Program of National Vocational and Technical Training Commission (NVTTC) has started yielding pos
Published 28 Apr, 2018 12:00am
CoAS meets Uzbek President

CoAS meets Uzbek President

Chief of Army Staff (CoAS), General Qamar Javed Bajwa during his official visit to Uzbekistan on Friday called on Uzbek President, Shavkat Mirziyoyev. The Uzbek President appreciated Pakistan's achievements in fight against terrorism and said that the wor
Published 28 Apr, 2018 12:00am
BOARD MEETINGS
Exchange

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 28 Apr, 2018 12:00am
Rs 97.42 billion earmarked for education and services

Rs 97.42 billion earmarked for education and services

The government has earmarked Rs 97.42 billion for Education Affairs and Services in the federal budget for 2018-19 against the revised allocation of Rs 90.818 billion for the current fiscal year, showing an increase of around 7 percent. According to the b
Published 28 Apr, 2018 12:00am
Peshawar least competitive city with highest growth rate: report

Peshawar least competitive city with highest growth rate: report

Peshawar is among the least competitive cities in Pakistan, yet the fastest growing city according to a report "Cities as Drivers of Growth" published by Policy Research Institute of Market Economy (PRIME) Institute. The report launched here at the City U
Published 28 Apr, 2018 12:00am
Lucky Cement records Rs 9.80 billion net profit for nine months

Lucky Cement records Rs 9.80 billion net profit for nine months

Lucky Cement Limited reported net profit of Rs 9.80 billion for the nine months ended March 31, 2018 which is 6.0 percent lower as compared to the same period last year. Consequently, the earnings per share (EPS) for the nine months was recorded at Rs 30.
Published 28 Apr, 2018 12:00am
Lucky Cement records Rs 9.80 billion net profit for nine months

Lucky Cement records Rs 9.80 billion net profit for nine months

Lucky Cement Limited reported net profit of Rs 9.80 billion for the nine months ended March 31, 2018 which is 6.0 percent lower as compared to the same period last year. Consequently, the earnings per share (EPS) for the nine months was recorded at Rs 30.
Published 28 Apr, 2018 12:00am
Punjab University wins team Trophy

Punjab University wins team Trophy

Punjab University clinched team trophy and Rs 100,000 cash award in universities/colleges category while The Punjab School and Garrison Academy Sarwar Shaheed Campus were in tie to share cash award and team trophy in 2nd The Educationist All Pakistan Co-c
Published 28 Apr, 2018 12:00am
PAMA calls to review EDB's dissolution decision

PAMA calls to review EDB's dissolution decision

Pakistan Automotive Manufacturers Association (PAMA) has appealed to immediately review the dissolution of the Engineering Development Board (EDB) or announce a successor mechanism/organisation to take over the existing day-to-day affairs seamlessly.
Published 28 Apr, 2018 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (April 27, 2018).

Published 28 Apr, 2018 12:00am
Rs 1.5 billion for NACTA proposed

Rs 1.5 billion for NACTA proposed

The government has proposed Rs 1.5 billion for National Counter Terrorism Authority (NACTA) in budget 2018-19, according to the budget documents.
Published 28 Apr, 2018 12:00am
Rs 1.5 billion for NACTA proposed

Rs 1.5 billion for NACTA proposed

The government has proposed Rs 1.5 billion for National Counter Terrorism Authority (NACTA) in budget 2018-19, according to the budget documents.
Published 28 Apr, 2018 12:00am
Verbal clash with Durrani costs PTI MPA a censure motion

Verbal clash with Durrani costs PTI MPA a censure motion

The Sindh Assembly on Friday passed 'The Sindh Institute of Animal Health Bill 2018' into law with a unanimous vote in addition to a resolution that was adopted to censure a PTI legislator for verbal clash with the Speaker.
Published 28 Apr, 2018 12:00am
SCBP reports Rs 4.2 billion profit before tax in 1Q

SCBP reports Rs 4.2 billion profit before tax in 1Q

Standard Chartered Bank (Pakistan) Limited has announced its first quarter of 2018 results. The Bank reported a profit before tax of Rs 4.2 billion compared to Rs 4.1 billion for the same period last year. Total revenue remained resilient, recording a gro
Published 28 Apr, 2018 12:00am
THE RUPEE: steady trend
Currency

THE RUPEE: steady trend

Firmness prevailed on the money market on Friday as the rupee did not move any side against the dollar in the process of trading, dealers said. The rupee inched up by one paisa against the dollar for buying and selling at Rs 115.61 and Rs 115.62 respectiv
Published 28 Apr, 2018 12:00am
SCBP reports Rs 4.2 billion profit before tax in 1Q

SCBP reports Rs 4.2 billion profit before tax in 1Q

Standard Chartered Bank (Pakistan) Limited has announced its first quarter of 2018 results. The Bank reported a profit before tax of Rs 4.2 billion compared to Rs 4.1 billion for the same period last year. Total revenue remained resilient, recording a gro
Published 28 Apr, 2018 12:00am
THE RUPEE: steady trend
Currency

THE RUPEE: steady trend

Firmness prevailed on the money market on Friday as the rupee did not move any side against the dollar in the process of trading, dealers said. The rupee inched up by one paisa against the dollar for buying and selling at Rs 115.61 and Rs 115.62 respectiv
Published 28 Apr, 2018 12:00am
SSGC raids textile mill as gas theft operation intensifies

SSGC raids textile mill as gas theft operation intensifies

Sui Southern Gas Company (SSGC) has intensified gas theft operation in its franchise areas. SSGC's task force comprising of officials from CGTO Karachi, Hyderabad, Measurement and Sales dept conducted a raid on Nadeem Textile Mill, Noriabad.
Published 28 Apr, 2018 12:00am
SHC orders LTU to restore Shell Pakistan's ST registration

SHC orders LTU to restore Shell Pakistan's ST registration

Sindh High Court (SHC) has ordered the Large Taxpayers Unit (LTU), Karachi to reinstate the sales tax registration of Shell Pakistan Limited (SPL) with immediate effect. This was informed by SPL in its official statement released here on Friday. The compa
Published 28 Apr, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (April 27, 2018).

Published 28 Apr, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (April 27, 2018).

Published 28 Apr, 2018 12:00am
Budget evokes mix response from business community

Budget evokes mix response from business community

Business community and tax experts have expressed mix reactions over the proposed federal budget 2018-19. Talking to Business Recorder, Pakistan Tax Bar Association (PTBA) president Abdul Qadir Memon said this pro-corporate sector federal budget was expec
Published 28 Apr, 2018 12:00am
Budget evokes mix response from business community

Budget evokes mix response from business community

Business community and tax experts have expressed mix reactions over the proposed federal budget 2018-19. Talking to Business Recorder, Pakistan Tax Bar Association (PTBA) president Abdul Qadir Memon said this pro-corporate sector federal budget was expec
Published 28 Apr, 2018 12:00am
Absence of democracy silences arts and artists: Marriyum

Absence of democracy silences arts and artists: Marriyum

Federal minister for Information, Broadcasting, National History and Literary Heritage Marriyum Aurangzeb addressing the inaugural ceremony of the three-day Youth Cultural Fair under the auspices of Lok Virsa (Folk Heritage) here today said that democracy
Published 28 Apr, 2018 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (April 27, 2018)

Published 28 Apr, 2018 12:00am
Checking of fishing nets: Stofa resents detaining of boats

Checking of fishing nets: Stofa resents detaining of boats

The Sindh Trawlers Owners and Fishermen Association (STOFA) on Friday showed resentment over detaining of boats for checking of fishing nets by the Maritime Security Agency (MSA) at Keamari navigational channel. STOFA president, Habibullah Khan Niazi told
Published 28 Apr, 2018 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (April 27, 2018).

Published 28 Apr, 2018 12:00am
Maharashtra grants land ownership rights to Sindhis

Maharashtra grants land ownership rights to Sindhis

Refugees in India's western state of Maharashtra have been granted land ownership rights 70 years after "fleeing" what is now Pakistan, officials said. vThe move is part of a wider push to give more rights to certain refugee groups in different parts of I
Published 28 Apr, 2018 12:00am
Miftah optimistic about budget's approval by Parliament

Miftah optimistic about budget's approval by Parliament

Federal Finance Minister Miftah Ismail told Aaj News after presenting budget 2018-17 that they (incumbent government) would manage to get fiscal budget approved by the Parliament. Aaj News was the first TV channel whom Miftah talked after presenting finan
Published 28 Apr, 2018 12:00am
Supreme Court seeks reply from cantonment boards

Supreme Court seeks reply from cantonment boards

The Supreme Court issued notices to cantonment boards all over the country to submit replies mentioning reason to order shifting educational institutions from cantonments in haste and what the urgency is. The bench suspended the verdict of a two-judge ben
Published 28 Apr, 2018 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (April 27, 2018).

Published 28 Apr, 2018 12:00am
FPCCI hails federal budget as 'populist one'

FPCCI hails federal budget as 'populist one'

Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Friday termed the proposed federal budget 2018-19 'a populist one' saying a range of social welfare projects have been earmarked for the fiscal year. However, the export sector representa
Published 28 Apr, 2018 12:00am
The Weather

The Weather

The weather report on Friday (April 27, 2018) and the forecast for Saturday (April 28, 2018).

Published 28 Apr, 2018 12:00am
KCCI fears 'election budget' to be followed by mini-budget

KCCI fears 'election budget' to be followed by mini-budget

The prominent bigwigs of Karachi Chamber of Commerce and Industry (KCCI) have termed federal financial budget for 2018-19 as an 'election budget,' expressing apprehensions over its implementation because it depends upon caretakers and the next full-fledge
Published 28 Apr, 2018 12:00am
Indus Motor Company wins PAS Award for Toyota Fortuner

Indus Motor Company wins PAS Award for Toyota Fortuner

Indus Motor Company grabs the 8th PAS Awards for its Toyota Fortuner in the automotive and transportation category. This is the 2nd time IMC has received this award. IMC spokesman said, "Customers are the heart of all our efforts including our campaigns.
Published 28 Apr, 2018 12:00am
Child rape case in Faisalabad: CJP takes notice of poor investigation

Child rape case in Faisalabad: CJP takes notice of poor investigation

Taking notice of poor investigation into a rape case involving a seven-year-old girl in Faisalabad, Chief Justice of Pakistan (CJP) Mian Saqib Nisar on Friday directed the inspector general Punjab police to submit a report regarding the matter within thre
Published 28 Apr, 2018 12:00am
PML-N to win elections by thumping majority: Ansari

PML-N to win elections by thumping majority: Ansari

The Member Central Executive Committed Pakistan Muslim League (N) Ex-MNA Sahibzada Shabbir-ul-Hassan Ansari has maintained that despite all conspiracies, the party candidates would register victory with thumping majority in the 2018 general elections. Add
Published 28 Apr, 2018 12:00am
PIA CEO given time to file more documents

PIA CEO given time to file more documents

Chief Executive Officer (CEO) of Pakistan International Airlines Corporation Limited (PIACL), Musharraf Rasool, Friday sought sometime from the Islamabad High Court (IHC) to submit additional documents in response to a petition challenging his appointment
Published 28 Apr, 2018 12:00am
Scope of gifts among taxpayers' relatives restricted
Exchange

Scope of gifts among taxpayers' relatives restricted

The federal government in the Finance Bill 2018 has also decided to restrict the scope of gifts amongst the relatives of the taxpayers to stop evasion of taxes through gift arrangements taking place in Pakistan. According to the Finance Bill 2018 issued h
Published 28 Apr, 2018 12:00am
Withdrawal of customs duty on 104 items proposed
Exchange

Withdrawal of customs duty on 104 items proposed

The government under Finance Bill 2018 proposed to withdraw the custom duty on 104 items input raw materials and reduced the custom duty on 28 items to promote exports. The government has also proposed to exempt the customs duty on various items like tann
Published 28 Apr, 2018 12:00am
Withdrawal of customs duty on 104 items proposed
Exchange

Withdrawal of customs duty on 104 items proposed

The government under Finance Bill 2018 proposed to withdraw the custom duty on 104 items input raw materials and reduced the custom duty on 28 items to promote exports. The government has also proposed to exempt the customs duty on various items like tann
Published 28 Apr, 2018 12:00am
Scope of sales tax exemptions extended

Scope of sales tax exemptions extended

The government has extended the scope of sales tax exemptions by extending sales tax exemption on paper for printing of the Holy Quran, parts for assembling and manufacturing of personal computers and laptops, fish feed, fans for dairy farms, bovine semen
Published 28 Apr, 2018 12:00am
Restriction on sales tax audit

Restriction on sales tax audit

The government through seeking amendment in Section 25 of the Sales Tax Act, 1990 has put restriction on sales tax audit which now can only be done once in three years. Explaining this legal amendment of the Finance Bill 2018, Arshad Shehzad, a Karachi-ba
Published 28 Apr, 2018 12:00am
Non-filers can't buy new cars

Non-filers can't buy new cars

The Federal Board of Revenue (FBR) has introduced a major documentation measure by imposing restriction on non-filers to purchase new motor vehicle manufactured in Pakistan or new imported vehicle. Under the Finance Bill 2018, non-filers shall not be perm
Published 28 Apr, 2018 12:00am
Non-filers can't buy new cars

Non-filers can't buy new cars

The Federal Board of Revenue (FBR) has introduced a major documentation measure by imposing restriction on non-filers to purchase new motor vehicle manufactured in Pakistan or new imported vehicle. Under the Finance Bill 2018, non-filers shall not be perm
Published 28 Apr, 2018 12:00am
Federal budget 2018-19: LCCI gives mixed reaction

Federal budget 2018-19: LCCI gives mixed reaction

The Lahore Chamber of Commerce and Industry (LCCI) has given a mixed reaction on the federal budget 2018-19 and called for rectification of the implications and reservations of the business community by the National Assembly when the budget document will
Published 28 Apr, 2018 12:00am
Farmers demand flat electricity rates for agriculture tube wells

Farmers demand flat electricity rates for agriculture tube wells

Different farmer organisations came up with a mixed reaction over the federal budget proposed for 2018-19 and urged the government to announce flat electricity rates for the agricultural tube-wells and withdraw levies on diesel as it will bring down the c
Published 28 Apr, 2018 12:00am
Tevta to upgrade curriculum of DAE programme

Tevta to upgrade curriculum of DAE programme

Chairman Technical Education and Vocational Training Authority (TEVTA) Irfan Qaiser Sheikh has said that TEVTA will upgrade the curriculum of its Diploma in Associate Engineering Program (DAE) programme as there is dire need to update it.
Published 28 Apr, 2018 12:00am
Five of a family killed in Jhang

Five of a family killed in Jhang

Five members of a family including children died when a over speeding dumper hit a motorcycle here on Friday. Protest held against the incident. Police said that an over speeding dumper knocked down a motorcycle carrying five including children at Lalian
Published 28 Apr, 2018 12:00am
Punjab government approves Rs 16.5 billion for police

Punjab government approves Rs 16.5 billion for police

The Punjab government has approved an expenditure of Rs 16.5 billion to improve Punjab Police's operational efficiency by deploying new hardware using up-to-date technology that will enable the Police to adopt more efficient working practices and new oper
Published 28 Apr, 2018 12:00am
Meezan Bank organises seminar

Meezan Bank organises seminar

Meezan Bank, Pakistan's first and largest Islamic Bank and Punjab University jointly organized an awareness seminar on "Shariah way of banking, products, similarities and differences with conventional banking on Friday.
Published 28 Apr, 2018 12:00am
Four LPC officials remanded to NAB

Four LPC officials remanded to NAB

An accountability court on Friday granted remand of four officials of Lahore Parking Company (LPC) for 15-days to the National Accountability Bureau (NAB). The bureau had arrested LPC Chief Executive Officer Taseer Ahmad, Chief Financial Officer Usman Qay
Published 28 Apr, 2018 12:00am
Shahbaz inaugurates 100-bed hospital in Kahna Nau

Shahbaz inaugurates 100-bed hospital in Kahna Nau

Punjab Chief Minister Shahbaz Sharif, while inaugurating the 100-beds Tehsil Headquarters Hospital Kahna Nau, here on Friday said that same latest medical facilities are available in the hospital, which are extended in other best national and internationa
Published 28 Apr, 2018 12:00am
Zardari discusses Sindh caretaker set-up with party leaders

Zardari discusses Sindh caretaker set-up with party leaders

Pakistan People's Party Co-Chairperson Asif Ali Zardari held a consultative meeting in Lahore on Friday in which wide range of issues including matters pertaining to installation of caretaker set up in Sindh was discussed.
Published 28 Apr, 2018 12:00am
PA passes The Punjab (Regularization of Service) Bill 2018

PA passes The Punjab (Regularization of Service) Bill 2018

The Punjab Assembly on Friday passed The Punjab (Regularization of Service) Bill 2018 and presented the bill on The Punjab Sound Systems Regulation (Amendment) Ordinance 2018 besides seven other bills. The government rejected all the recommendations of th
Published 28 Apr, 2018 12:00am
Two cops escape LHC premises after bails' dismissal

Two cops escape LHC premises after bails' dismissal

A sub-inspector Tariq Bashir Cheema and a constable Muhammad Ashraf successfully escaped arrest here Friday from the Lahore High Court premises after court dismissed their bails. Earlier, the counsel of the suspected cops argued that the victim Mudassar a
Published 28 Apr, 2018 12:00am
LHCBA delegation meets Punjab chief minister

LHCBA delegation meets Punjab chief minister

A delegation led by Lahore High Court Bar Association President Anwaarul Haq Pannu called on Punjab Chief Minister Muhammad Shahbaz Sharif here on Friday.
Published 28 Apr, 2018 12:00am
PFA seals 4 godowns, shops for selling expired eatable items

PFA seals 4 godowns, shops for selling expired eatable items

The Punjab Food Authority (PFA) on Thursday sealed two godowns and two shops on the charges of selling eatables after changing the expiry date and pasting new labels while a bakery production unit and water filtration plan was sealed for violation of rule
Published 28 Apr, 2018 12:00am
80 held for employing bonded labour

80 held for employing bonded labour

After the registration of over 117 first information reports (FIRs), the Punjab police have arrested 80 persons for employing bonded labour at brick kilns across the province.
Published 28 Apr, 2018 12:00am
SMEDA holds mineral sector stakeholders' consultative meeting

SMEDA holds mineral sector stakeholders' consultative meeting

Small and Medium Enterprises Development Authority (SMEDA) Friday held stakeholders' consultative meeting for conducting a comprehensive research study on cluster development based mineral transformation Plan V-2025 for the Ministry of Planning, Developme
Published 28 Apr, 2018 12:00am
FBR introduces new mechanism to collect advance tax
Exchange

FBR introduces new mechanism to collect advance tax

The Federal Board of Revenue (FBR) has introduced a new mechanism to collect advance tax where a person does not file his estimate or declaration and in such cases advance tax will be estimated by the taxation officer of the FBR.
Published 28 Apr, 2018 12:00am
Host of relief measures unveiled

Host of relief measures unveiled

The government has announced a new incentive package for film making industry, tax relief to dairy sector, exemption for allowances of armed forces personnel, reduced rate of 0.4 percent advance tax on non-cash banking transactions by non-filers and exemp
Published 28 Apr, 2018 12:00am
Rs 644.42 billion released for PSDP projects

Rs 644.42 billion released for PSDP projects

The government has released Rs 644.42 billion (64.38 percent) including Rs 155.8 billion foreign aid for different development projects so far under the Public Sector Development Program (PSDP) 2017-18 against the total budgeted allocation of Rs 1001 bill
Published 28 Apr, 2018 12:00am
FBR empowered to purchase any immovable property
Exchange

FBR empowered to purchase any immovable property

The government has empowered Federal Board of Revenue (FBR) to purchase any immovable property within six months of registration by paying a certain amount over and above the declared value, withdrawal of withholding tax on bonus shares, adjustable tax on
Published 28 Apr, 2018 12:00am
OICCI criticises staggering super tax

OICCI criticises staggering super tax

The Overseas Investors Chamber of Commerce and Industry (OICCI) has expressed disappointed on staggering of super tax which is hurting its member organisations. "The budget proposals announced by the Finance Minister, overall, appear to be delicately craf
Published 28 Apr, 2018 12:00am
OGDCL announces financial results for Q3

OGDCL announces financial results for Q3

The Board of Directors of Oil & Gas Development Company Ltd (OGDCL) meeting held on Friday at Karachi, announced the financial results for the third quarter ended 31st March, 2018. The Company's net sales revenue increased to Rs 147.712 billion compared t
Published 28 Apr, 2018 12:00am
OGDCL announces financial results for Q3

OGDCL announces financial results for Q3

The Board of Directors of Oil & Gas Development Company Ltd (OGDCL) meeting held on Friday at Karachi, announced the financial results for the third quarter ended 31st March, 2018. The Company's net sales revenue increased to Rs 147.712 billion compared t
Published 28 Apr, 2018 12:00am
President administers oath to five ministers

President administers oath to five ministers

President Mamnoon Hussain Friday administered oath of office to five ministers including four Federal and one Minister of State. The Ministers who were administered oath of office include Marriyum Aurangzeb, Anusha Rehman and Dr Tariq Fazal Chaudhry, a st
Published 28 Apr, 2018 12:00am
Opposition lawmakers lambaste government's 'double standards

Opposition lawmakers lambaste government's 'double standards

The opposition lawmakers in the Senate on Friday lambasted the government's 'double standards', saying the Senate is being deprived of financial powers while an unelected man was handpicked at the eleventh hour as a federal finance minister to present the
Published 28 Apr, 2018 12:00am
Parties stage walkout

Parties stage walkout

Opposition parties including Pakistan Peoples Party, Pakistan Tehreek-e-Insaf and Jamaat-e-Islami on Friday walked out of National Assembly to register their protest against presentation of budget for the whole fiscal year 2018-19 by an "unelected ministe
Published 28 Apr, 2018 12:00am
CGT exempted on resale of PMRC bonds
Exchange

CGT exempted on resale of PMRC bonds

The Federal Board of Revenue (FBR) has granted exemption to capital gains tax on the resale of Pakistan Mortgage Refinance Company Limited (PMRC) bonds by the investors. Finance Bill 2018 revealed that the PMRC is a key initiative of the State Bank of Pak
Published 28 Apr, 2018 12:00am
CGT exempted on resale of PMRC bonds
Exchange

CGT exempted on resale of PMRC bonds

The Federal Board of Revenue (FBR) has granted exemption to capital gains tax on the resale of Pakistan Mortgage Refinance Company Limited (PMRC) bonds by the investors. Finance Bill 2018 revealed that the PMRC is a key initiative of the State Bank of Pak
Published 28 Apr, 2018 12:00am
CGT exempted on resale of PMRC bonds
Exchange

CGT exempted on resale of PMRC bonds

The Federal Board of Revenue (FBR) has granted exemption to capital gains tax on the resale of Pakistan Mortgage Refinance Company Limited (PMRC) bonds by the investors. Finance Bill 2018 revealed that the PMRC is a key initiative of the State Bank of Pak
Published 28 Apr, 2018 12:00am
IMC Limited holds quarterly board meeting

IMC Limited holds quarterly board meeting

The quarterly board meeting of Indus Motor Company Ltd for the quarter and nine months ended 31st March FY 2017-18 was held on Friday. The combined sales of IMC CKD and CBU for the nine months ended March 31, 2018 clocked 47,103 units, up 2 percent over 4
Published 28 Apr, 2018 12:00am
Xi meets Modi, eyes 'new chapter' in China-India ties

Xi meets Modi, eyes 'new chapter' in China-India ties

President Xi Jinping sought to open a "new chapter" in relations between China and India as he hosted Prime Minister Narendra Modi on Friday for a summit aimed at mending ties strained by a border dispute. Xi greeted Modi at a Hubei province museum in the
Published 28 Apr, 2018 12:00am
Landmark Palestinian art museum opens doors in US

Landmark Palestinian art museum opens doors in US

A bucolic Connecticut town may have outwardly little in common with the Middle East, but it's home to a new art museum hoping to change US attitudes toward the Palestinians. Tucked away in Woodbridge, an affluent community near Yale University 80 miles (1
Published 28 Apr, 2018 12:00am
Three Palestinians killed in fresh Gaza-Israel border protests

Three Palestinians killed in fresh Gaza-Israel border protests

Three Palestinians were shot dead Friday as thousands demonstrated along the border between Gaza and Israel for a fifth consecutive week of rallies dubbed the Great March of Return. More than 300 other people were hospitalised for gunshot wounds and tear
Published 28 Apr, 2018 12:00am
Knife attacker kills seven children in China

Knife attacker kills seven children in China

A knife-wielding man killed seven middle school children and injured 12 others as they returned home in northern China on Friday, authorities said, in one of the deadliest such rampages in the country in recent years. The suspect was detained and the inju
Published 28 Apr, 2018 12:00am
EU, US police cripple Islamic State media mouthpieces

EU, US police cripple Islamic State media mouthpieces

European and US police forces have struck at the heart of Islamic State's propaganda machine, seizing servers and "punching a hole" in its ability to spread its radical jihadist message online. The transatlantic takedown was spread over eight countries an
Published 28 Apr, 2018 12:00am
Bill Cosby found guilty of sexual assault

Bill Cosby found guilty of sexual assault

US television icon Bill Cosby was convicted of sexual assault Thursday in the first celebrity courtroom battle of the MeToo era - a combative retrial that capped his fall from grace and offered vindication to scores of women who accused him of abuses. The
Published 28 Apr, 2018 12:00am
Rare anti-government protests in Malawi

Rare anti-government protests in Malawi

Thousands of Malawians on Friday took part in the country's first nationwide anti-government demonstrations since 2011, with peaceful protests held in six cities. The marches, organised by civil action groups, were against alleged corruption and poor gove
Published 28 Apr, 2018 12:00am
Seven killed in Cape Town train crash

Seven killed in Cape Town train crash

Seven people were killed in South Africa on Friday when a train ploughed into a pickup truck at a crossing where 10 children were killed in a similar accident in 2010, officials said. The seven victims, all men in their 30s, were reportedly travelling to
Published 28 Apr, 2018 12:00am
Morgan backs 100 ball-format to prevent 'death' of cricket

Morgan backs 100 ball-format to prevent 'death' of cricket

England limited-overs captain Eoin Morgan believes innovations such as the planned 100-ball format must be embraced otherwise cricket "will die". The England and Wales Cricket Board stunned existing cricket followers by announcing last week the creation o
Published 28 Apr, 2018 12:00am
Arsenal punished by 10-man Atletico

Arsenal punished by 10-man Atletico

Outgoing Arsenal manager Arsene Wenger lamented a familiar defensive lapse as his side failed to cash in on a man advantage for over 80 minutes in a 1-1 draw with Atletico Madrid in the first leg of their Europa League semi-final on Thursday.
Published 28 Apr, 2018 12:00am
FIFA bans Brazilian federation chief over corruption
Exchange

FIFA bans Brazilian federation chief over corruption

Football's world governing body FIFA said Friday it had banned the head of the Brazilian football federation, Marco Polo Del Nero, for life following a graft probe. FIFA said in a statement that the probe revealed that Del Nero had violated multiple artic
Published 28 Apr, 2018 12:00am
Iniesta set to leave Barcelona

Iniesta set to leave Barcelona

Andres Iniesta confirmed on Friday he will leave Barcelona at the end of the season, bringing the curtain down on a phenomenally successful career at the club, but said a move to China is yet to be finalised. In a press conference attended by members of t
Published 28 Apr, 2018 12:00am
Malaysian badminton great Lee punishes Indian top seed

Malaysian badminton great Lee punishes Indian top seed

Lee Chong Wei brushed aside India's top seed Kidambi Srikanth in just over 30 minutes as the Malaysian badminton great surged into the Asia Championships semi-finals on Friday. Lee, who also defeated Srikanth in the final earlier this month at the Commonw
Published 28 Apr, 2018 12:00am
Departmental T20 Women Cricket Championship from May 1

Departmental T20 Women Cricket Championship from May 1

The Pakistan Cricket Board (PCB) women's wing is organizing Departmental T20 Women Cricket Championship at National Stadium, Karachi from May 1, 2018. The matches will be 20-over a side where three departmental teams ie, Zarai Tarakiati Bank (ZTBL), State
Published 28 Apr, 2018 12:00am
Battling Nadal one win away from 400 on clay

Battling Nadal one win away from 400 on clay

Ten-time Barcelona champion Rafael Nadal took his clay-court streak to 42 consecutive sets won when he battled to 6-0, 7-5 triumph over Martin Klizan on Friday, also moving just one win away from 400 on the surface. World number one Nadal was made to work
Published 28 Apr, 2018 12:00am
15 matches decided in CM Punjab Women Squash Championship

15 matches decided in CM Punjab Women Squash Championship

As many as 15 matches were decided in the main round of the Chief Minister Punjab National Women Squash Championship here at PSA Complex on Friday. In the women senior category, eight matches were played and in the U-19 competition seven matches were deci
Published 28 Apr, 2018 12:00am
Trump admits Cohen represented him in 'crazy Stormy Daniels deal'

Trump admits Cohen represented him in 'crazy Stormy Daniels deal'

US President Donald Trump acknowledged on Thursday that his personal lawyer, Michael Cohen, represented him in a "deal" involving porn star Stormy Daniels. Trump had previously denied knowledge of a $130,000 payment Cohen made to Daniels, which she claims
Published 28 Apr, 2018 12:00am
Russia's postal service to open parcels during World Cup

Russia's postal service to open parcels during World Cup

Russia will want to know what's in your mail during the World Cup. The postal service said Friday its workers will be manually checking the contents of every parcel sent to the 11 host cities from May 1 to July 26.
Published 28 Apr, 2018 12:00am
Trump welcomes US Olympics team to White House, several no-shows

Trump welcomes US Olympics team to White House, several no-shows

President Donald Trump welcomed the US Winter Olympics team to the White House on Friday but several prominent members skipped the traditional event. "You performed and you made us very proud," Trump told members of the Olympic and Paralympic teams on the
Published 28 Apr, 2018 12:00am
Pressure mounts on NBC amid new sex harassment claims

Pressure mounts on NBC amid new sex harassment claims

US television news giant NBC came under growing pressure Friday to take tougher action against sexual harassment after another former star was accused of inappropriate conduct by former colleagues. Linda Vester - a war correspondent for the network in the
Published 28 Apr, 2018 12:00am
Syria regime bombardment kills 17 civilians in south Damascus

Syria regime bombardment kills 17 civilians in south Damascus

Syrian regime air strikes and shelling killed 17 civilians including seven children on Friday in the Palestinian camp of Yarmuk in southern Damascus, a Britain-based monitor said. Regime forces have pounded southern districts of the capital since April 19
Published 28 Apr, 2018 12:00am
Taiwan president says willing to meet China's Xi 'for peace'

Taiwan president says willing to meet China's Xi 'for peace'

Taiwan's President Tsai Ing-wen said Friday she would be willing to meet her Chinese counterpart Xi Jinping "for peace and stability" in the wake of a landmark summit between the leaders of the two Koreas. Relations between Taiwan and China have deteriora
Published 28 Apr, 2018 12:00am
New teacher protests erupt in Arizona, Colorado

New teacher protests erupt in Arizona, Colorado

Scores of teachers in the western US states of Arizona and Colorado turned out Thursday to demand salary and budget increases, in the latest in a wave of similar efforts across the country. US media reported class was cancelled for 1.4 million schoolchild
Published 28 Apr, 2018 12:00am
Four killed in Boko Haram attacks in Nigeria

Four killed in Boko Haram attacks in Nigeria

At least four people were killed when Boko Haram suicide bombers attacked northeast Nigeria's biggest city, the emergency services said on Friday, as residents returned home. Violence broke out on the outskirts of Maiduguri on Thursday night, with indicat
Published 28 Apr, 2018 12:00am
UN Security Council backs Western Sahara talks

UN Security Council backs Western Sahara talks

The UN Security Council on Friday backed a US-drafted resolution that urges Morocco and the Polisario Front to prepare for talks on settling their decades-old dispute over Western Sahara. The council renewed for six months the mandate of a UN mission that
Published 28 Apr, 2018 12:00am
Weak sterling boosts FTSE 100 after sharp slowdown in UK GDP

Weak sterling boosts FTSE 100 after sharp slowdown in UK GDP

British shares climbed on Friday after weaker than expected GDP data triggered a slide in sterling, while Royal Bank of Scotland shares fell after its first-quarter results. UK growth slowed much more sharply than expected in the first quarter, sending th
Published 28 Apr, 2018 12:00am
Southeast Asian stocks climb on Korean peace hopes
Currency

Southeast Asian stocks climb on Korean peace hopes

Southeast Asian stock markets rose on Friday after US treasury yields receded from recent highs, while the Korean leaders' pledge to pursue a peace deal eased geopolitical tensions, boosting investor confidence. The two Koreas announced they would work wi
Published 28 Apr, 2018 12:00am
Australian, New Zealand shares jump

Australian, New Zealand shares jump

Australian shares closed near a six-week high on Friday, led by health care stocks, after Wall Street climbed on strong earnings and a drop in US Treasury yields. The S&P/ASX 200 index rose 0.7 percent or 42.8 points to 5,953.6 to end at its highest since
Published 28 Apr, 2018 12:00am
European shares post fifth week of gains as earnings gather pace

European shares post fifth week of gains as earnings gather pace

Well-received results from Spanish banks and a recovery among tech stocks lifted European shares to a fifth straight week of gains on Friday, its longest winning streak since September. The pan-European STOXX 600 index closed up 0.2 percent, a gain of 0.7
Published 28 Apr, 2018 12:00am
China stocks soar

China stocks soar

China stocks recovered from earlier losses to end higher on Friday, as gains in healthcare shares offset losses in consumer stocks, and as market participants continued to watch the developments of China-US trade spat. The blue-chip CSI300 index ended fla
Published 28 Apr, 2018 12:00am
Previous Day